Shares of Parkland Fuel Corp (TSE:PKI) have been given an average recommendation of “Buy” by the seven analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$34.13.

A number of equities research analysts have recently issued reports on the stock. Scotiabank raised shares of Parkland Fuel Corp from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$30.00 to C$34.75 in a report on Wednesday, May 10th. CIBC upped their target price on shares of Parkland Fuel Corp from C$33.00 to C$35.00 in a report on Wednesday, May 10th. TD Securities upped their target price on shares of Parkland Fuel Corp from C$34.00 to C$39.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Finally, Royal Bank Of Canada upped their target price on shares of Parkland Fuel Corp from C$31.00 to C$32.00 and gave the company a “sector perform” rating in a report on Wednesday, May 10th.

Parkland Fuel Corp (TSE PKI) traded down 1.18% during trading on Tuesday, reaching $26.70. 264,264 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $26.60 and a 200-day moving average price of $28.68. The firm has a market cap of $3.48 billion and a PE ratio of 69.90. Parkland Fuel Corp has a 12 month low of $24.63 and a 12 month high of $32.45.

The company also recently announced a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd will be issued a $0.096 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.31%.

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In other news, Director John Frederick Bechtold bought 2,000 shares of the company’s stock in a transaction dated Tuesday, July 4th. The shares were bought at an average cost of C$29.73 per share, with a total value of C$59,460.00.

Parkland Fuel Corp Company Profile

Parkland Fuel Corporation distributes and markets fuels and lubricants. The Company delivers refined fuels and other petroleum products to motorists, businesses, consumers and wholesale customers. Its segments include Retail Fuels, Commercial Fuels, Parkland USA, Supply and Wholesale, and Corporate. Its Retail Fuels segment supplies and supports a network of over 1,070 retail gas stations in Canada.

Analyst Recommendations for Parkland Fuel Corp (TSE:PKI)

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